National Beverage Corp. Leads the Way Producing Healthy Taste
June 30 2021 - 4:30PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced record
results for its Fiscal Year ended May 1, 2021:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210630005979/en/
LaCroix Sparkling Water (Photo: Business
Wire)
Fiscal Year 2021 (52 weeks) vs. Fiscal
Year 2020 (53 weeks):
- Net sales of $1.1 Billion were up 7.2%;
- Gross profit was a record $421.6 million, a 13.9% increase from
the prior year;
- Operating income was $227.8 million or 21.2% of sales vs.
$165.7 million or 16.6% of sales; and
- Earnings per share was $1.87, a 34.0% increase from the prior
year.
Balance Sheet Data at May 1,
2021
- Cash was $193.6 million after the January 29 cash dividend
payment of $279.9 million;
- Working capital was $219.8 million with a current ratio of 2.5
to 1.
- During the year, the Company shared its financial success with
shareholders in the form of $279.9 million in cash dividends and
the distribution of a one-for-one stock split in the form of a
dividend – while maintaining a debt-free balance sheet. All share
information has been retroactively restated for the stock
dividend.
“The uncertainty that has affected our business in pandemic
conditions surely has not affected our management style, but has
only heightened our innovativeness. In fact, our social media and
BrandED comments confirm that . . . we taste more delicious with
each new flavor we introduce. What better confirmation could we
wish for?” inquired a company spokesperson.
“LaCroix’s innovative new trio of products, Beach Plum™, Black
Razzberry™ and Guava São Paulo™ deliver an impressive sensory
experience to consumers from coast-to-coast. Shipments commenced
late in the fourth quarter and velocity is setting records greater
than any previous flavor launch. Additionally, a fact one should
understand is that LaCroix’s published tracked data excludes a
growing number of significant expanding retailers as well as
office, foodservice and vending venues.
Over the recent past, healthy products are in the news quite
often with companies stating how their products stack up in the
world of health. Nutrition is one of the most important issues of
our time and is more impactful within the younger age group than
previously thought. Large quantities of soda are consumed instead
of water in much of the underdeveloped world, often depriving the
young adult of a chance for a healthy life. National Beverage is
modifying the behavior of youth in America . . . and more moms are
giving their children LaCroix as affirmed by numerous photos shared
on social media.
With the entire world focused on health, our primary objective
is to create the best and healthiest refreshments ever produced,”
the spokesperson concluded.
LaCroix . . . Beyond Taste!
National Beverage Corp. Consolidated Results for the
Fiscal Years Ended May 1, 2021 and May 2, 2020
(in thousands, except per share amounts) Fiscal Year
Ended* May 1, 2021 May 2, 2020 Net
Sales
$
1,072,210
$
1,000,394
Net Income
$
174,146
$
129,972
Earnings Per Common Share Basic
$
1.87
$
1.39
Diluted
$
1.86
$
1.39
Avg. Common Shares Outstanding Basic
93,280
93,256
Diluted
93,620
93,656
*Fiscal year 2021 consisted of 52 weeks; Fiscal year 2020
consisted of 53 weeks.
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve risks, uncertainties and
other factors described in the Company's Securities and Exchange
Commission filings which may cause actual results or achievements
to differ from the results or achievements expressed or implied by
such statements. The Company disclaims an obligation to update or
announce revisions to any forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210630005979/en/
National Beverage Corp. Grace Keene, 877-NBC-FIZZ
www.nationalbeverage.com
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